Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Up 57.6% in August

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,270,000 shares, an increase of 57.6% from the July 31st total of 1,440,000 shares. Based on an average daily volume of 650,900 shares, the days-to-cover ratio is presently 3.5 days. Currently, 6.7% of the company’s stock are short sold.

Insider Activity at Amprius Technologies

In related news, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the transaction, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the sale, the chief executive officer now owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Justin E. Mirro sold 280,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total transaction of $364,000.00. Following the transaction, the director now owns 1,715,000 shares in the company, valued at $2,229,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 618,383 shares of company stock valued at $739,318. 12.80% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently added to or reduced their stakes in AMPX. B. Riley Wealth Advisors Inc. lifted its stake in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Amprius Technologies by 45.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after purchasing an additional 2,597 shares during the period. XTX Topco Ltd purchased a new stake in shares of Amprius Technologies in the second quarter worth $72,000. AQR Capital Management LLC bought a new stake in Amprius Technologies during the second quarter valued at $99,000. Finally, International Assets Investment Management LLC purchased a new position in Amprius Technologies during the fourth quarter worth about $710,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Trading Down 3.6 %

Shares of NYSE AMPX traded down $0.04 during midday trading on Friday, hitting $1.07. The company’s stock had a trading volume of 254,809 shares, compared to its average volume of 679,490. The firm has a market capitalization of $115.52 million, a price-to-earnings ratio of -2.49 and a beta of 2.71. The stock has a fifty day moving average price of $1.19 and a 200 day moving average price of $1.84. Amprius Technologies has a one year low of $1.01 and a one year high of $6.02.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. The business had revenue of $3.35 million for the quarter, compared to the consensus estimate of $2.45 million. During the same period in the previous year, the firm earned ($0.11) EPS. On average, equities research analysts predict that Amprius Technologies will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on AMPX. Roth Mkm cut their price objective on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. B. Riley upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. Alliance Global Partners lowered their price objective on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Northland Securities reduced their target price on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Finally, Oppenheimer lowered their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $8.17.

Amprius Technologies Company Profile

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.